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Plastisols Market Overview
Plastisols Market size is forecast to reach around $25 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Plastisols are a mixture of polyvinyl chloride or other polymers in a liquid called plasticizers. Plastisols have high flexibility and good peel resistant owing its use in various end use industries such as construction, metal finishing, and automotive. Surging demand of polymer clay for jewelry, home decoration, pottery, scrap booking, and sculpture purposes boosts the growth of market. Moreover, the use of Plastisols in textile industry for screen printing is also driving the growth of plastisols market share worldwide during the forecast period. They also find its application in molding and coating processes. Moreover, degradability and environmental impacts of polymers acts as restraint for the growth of plastisols market.
Report Coverage
The report: “Plastisols Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastisols Industry.
By Resin Type: PVC Resin, Acrylic Resins, and Others
By Application: Moldings (Slush Molding, Cavity Molding, and Cast Molding), Screen Printing, Adhesives & Sealants, Coatings (Dip Coatings and Spray Coatings), and Others
By End Use Industry: Construction, Military, Transportation, Medical, Textile, Agriculture, Metal Finishing, and Others
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- Government regulations due to the toxic nature of polyvinyl chloride (PVC) and phthalates acts as a restraint for the growth of market.
- The outbreak of coronavirus pandemic and trade war between two powerful economies like China and the U.S is affecting the growth of plastisols market.
- In North America, the US holds the largest share and is projected to witness a significant growth during the forecast period due to growing Demand of plastisols from defense sector.
Resin Type - Segment Analysis
PVC resins is the fastest growing segment with a CAGR of around 7.5% in plastisols market during the forecast period. Polyvinyl chloride has found its applications in almost every end use industry ranging from construction to transportation industries. According to the Trade Map report, total 12,515,471 tons of PVC resins in primary form was imported worldwide in 2018 whereas India alone imported 1,955,789 of PVC resin, subsequently boosting the growth of PVC plastisols in Indian market. They are extensively used for making toys, tool handholds, wall covering, waterproofing membrane etc. which is likely to aid the growth of plastisols market.
Application – Segment Analysis
Based on the application, coatings segments hold the largest share of more than 30% in the plastisols market in 2019. Plastisols serves as a protective, functional, and decorative coating for wide range of applications, primarily for coating of metal parts as it protects the metal from corrosion and wear when they are under constant use. It can be coated via hot dip or cold dip process. Additionally, plastisols coatings offer properties such as non-slip grip, excellent impact strength, and moisture and abrasion resistance. Furthermore, increasing usage of plastisols in wire and cables for electrical as well as thermal insulations is driving the growth of market.
End-Use Industry - Segment Analysis
Textile industry is the fastest growing segment with a CAGR of 8% in the plastisols market during the forecast period. Plastisols are most commonly used inks in textile industry for printing designs on to garments. Plastisols inks are composed of polyvinyl chloride resins suspended in plasticizing medium. Major benefits of plastisols inks are their ease of use in textile printer, higher productivity rate, and good color opacity combined with attractive pricing. According to Trade, Map total apparel and clothing accessories exported all around the globe accounted for USD 247,204,048 in 2019. Whereas, increase in demand of apparels with variety of designs and colors is fueling the growth of textile industries which further escalates the demand of plastisols inks.
COVID-19 proved to be a challenging factor for the plastisols manufacturers due to disruptive supply chain and declining demand from consumers worldwide. Many industries are shuttered due to lack of manpower. The apparel industry body Clothing Manufacturers Association of India (CMAI) has estimated that if no assistance comes from government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Due to the coronavirus, purchasing capital of people decreased which has direct impact on construction, automotive and textile industries, subsequently affecting the plastisols market.
Geography - Segment Analysis
Asia Pacific dominated the plastisols market with a share of more than 35% in 2019 followed by North America and Europe. Rapid industrialization coupled with exponentially growing population is driving the growth of plastisols market. High purchasing power with the rise in standard of living has increased construction activities in emerging economic nations. The share of construction in Gross Value Added (GVA) was about 7.3 for India in 2017-2018 and total people employed in construction industry was 49.8 million in 2017. Thus, increase in construction activities increases the use of plastisols for coating, sealing and adhering applications.
Drivers – Plastisols Market
Growing demand from automotive and military sector
Increase in demand from end use industries like automotive and military due to the better adhering and moisture repellency properties of plastisols is driving the growth of this market. Plastisols are used in automotive industries for dashboards and slide door panels. Whereas, rise in demand for electric vehicles boosts the growth of plastisols market. Moreover, rising national and international conflicts combined with terrorist attacks, has increased the safety concerns. Developing nations especially China and India are strengthening their military power to combat attacks which in turn escalates the demand for military equipment’s and vehicles. As, plastisols are used for coating hardware and handles of military vehicles enhances its durability, flame retardancy, abrasion, and impact resistant. For instance, according to the Government of India budget report, in FY 2017-18, there was an increase of 5.3% allocation in budget for the Indian military as compared to budget 2016-17. The total budget sanctioned for the Indian military in FY2018-19 was $62.8 billion which accounts for 12.1% of the total Union Government expenditure for FY2018-19. Thus, heavy investment of nations in military sector also boosts the demand of plastisols for coating purposes.
Fashion industry, changing lifestyle and use in casting processes
Changing lifestyle and increase in demand for colorful apparels is augmenting the growth of plastisols market. Plastisols are used for imprinting various patterns on clothes. Rise in adoption of western culture in developing nation such as India, Malaysia, and Indonesia is boosting the demand of colorful apparels. According to Indian Brand Equity Foundation, growth in demand of textile industry is expected to reach US$ 220 billion by 2025. Additionally, use of plastisols in slush molding for making hollow and flexible products such as toys and boots is also aiding the growth of this market during the forecast period.
Challenges –Plastisols Market
Degradability and harmful effects of plastisols
Plastisols coated garments do not decompose and are difficult to recycle. Plastisols contains phthalates that is toxic and adversely impacts the growth of market. Phthalates exposures may cause adverse health issues including low fertility, cancer, lungs, and skin disorders. Increase in environmental concerns and harmful effects of plastisols on environment as well as human health acts as a restraint for the growth of market. Moreover, in 2017, the ban of phthalates in children’s toys by the US Consumer Product Safety Commission (CPSC) had has hampering the growth of plastisols market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the plastisols market report. In 2019, the market of plastisols top 10 companies accounting for xx% of the share. Major players in the plastisols market are, PolyOne Corporation, Fujifilm Corporation, International Coatings Company, Huber Group, U.S. Plastic Coatings Corporation, Carlisle Plastics Company, Lancer Group International, Chemionics Corporation, Rutland Plastic Technologies, CCR Specialty Chemicals, Monarch Color Corporation, and Polyblend, among others.
Acquisitions/Technology Launches
- In May 2019, CCR Specialty Chemicals planned to expand Additives for PVC Plastisols. Company’s aromatic oil blends currently offered for PVC plastisols, sold under the Viplex trade name and designed for use as secondary plasticizers in adhesives.
- In January 2019, Monarch Color Corporation has added a low temperature plastisol ink line called Stark ink line. The Stark ink line uses Monarch’s advanced technology at standard cure temperatures and provides high opacity.
1. Plastisols Market- Market Overview
1.1 Definitions and Scope
2. Plastisols Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Resin Type
2.3 Key Trends by Application
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. Plastisols Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis - Top Companies
3.1.5 Pricing Analysis
4. Plastisols Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Plastisols Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Plastisols Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Plastisols Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors
8. Plastisols Market - By Resin Type (Market Size - $Million)
8.1 PVC Resin
8.2 Acrylic Resins
8.3 Others
9. Plastisols Market - By Application (Market Size - $Million)
9.1 Moldings
9.1.1 Slush Molding
9.1.2 Cavity Molding
9.1.3 Cast Molding
9.2 Screen Printing
9.3 Adhesives & Sealants
9.4 Coatings
9.4.1 Dip Coatings
9.4.2 Spray Coatings
9.5 Others
10. Plastisols Market - By End-Use Industry (Market Size - $Million)
10.1 Construction
10.2 Military
10.3 Transportation
10.4 Medical
10.5 Textile
10.6 Agriculture
10.7 Metal Finishing
10.8 Others
11. Plastisols Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Ecuador
11.2.6 Rest of South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Russia
11.3.6 Spain
11.3.7 Netherland
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Australia & New Zealand
11.4.6 Rest of Asia Pacific
11.5 RoW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Plastisols Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Plastisols Market Share Analysis Premium
13.1 Market Share by Country - Top companies
13.2 Market Share by Region - Top companies
13.3 Market Share by type of Product / Product category - Top companies
13.4 Market Share at global level - Top companies
13.5 Best Practices for companies
14. Plastisols Market - List of Key Companies by Country Premium
15. Plastisols Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Plastisols Market By End-Use Industry Market 2019-2024 ($M)1.1 Textiles Market 2019-2024 ($M) - Global Industry Research
1.2 Construction Market 2019-2024 ($M) - Global Industry Research
1.3 Transportation Market 2019-2024 ($M) - Global Industry Research
1.4 Metal Finishing Market 2019-2024 ($M) - Global Industry Research
1.5 Defense Market 2019-2024 ($M) - Global Industry Research
2.Global Plastisols Market By End-Use Industry Market 2019-2024 (Volume/Units)
2.1 Textiles Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Metal Finishing Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Defense Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Plastisols Market By End-Use Industry Market 2019-2024 ($M)
3.1 Textiles Market 2019-2024 ($M) - Regional Industry Research
3.2 Construction Market 2019-2024 ($M) - Regional Industry Research
3.3 Transportation Market 2019-2024 ($M) - Regional Industry Research
3.4 Metal Finishing Market 2019-2024 ($M) - Regional Industry Research
3.5 Defense Market 2019-2024 ($M) - Regional Industry Research
4.South America Plastisols Market By End-Use Industry Market 2019-2024 ($M)
4.1 Textiles Market 2019-2024 ($M) - Regional Industry Research
4.2 Construction Market 2019-2024 ($M) - Regional Industry Research
4.3 Transportation Market 2019-2024 ($M) - Regional Industry Research
4.4 Metal Finishing Market 2019-2024 ($M) - Regional Industry Research
4.5 Defense Market 2019-2024 ($M) - Regional Industry Research
5.Europe Plastisols Market By End-Use Industry Market 2019-2024 ($M)
5.1 Textiles Market 2019-2024 ($M) - Regional Industry Research
5.2 Construction Market 2019-2024 ($M) - Regional Industry Research
5.3 Transportation Market 2019-2024 ($M) - Regional Industry Research
5.4 Metal Finishing Market 2019-2024 ($M) - Regional Industry Research
5.5 Defense Market 2019-2024 ($M) - Regional Industry Research
6.APAC Plastisols Market By End-Use Industry Market 2019-2024 ($M)
6.1 Textiles Market 2019-2024 ($M) - Regional Industry Research
6.2 Construction Market 2019-2024 ($M) - Regional Industry Research
6.3 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.4 Metal Finishing Market 2019-2024 ($M) - Regional Industry Research
6.5 Defense Market 2019-2024 ($M) - Regional Industry Research
7.MENA Plastisols Market By End-Use Industry Market 2019-2024 ($M)
7.1 Textiles Market 2019-2024 ($M) - Regional Industry Research
7.2 Construction Market 2019-2024 ($M) - Regional Industry Research
7.3 Transportation Market 2019-2024 ($M) - Regional Industry Research
7.4 Metal Finishing Market 2019-2024 ($M) - Regional Industry Research
7.5 Defense Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Plastisols Market Revenue, 2019-2024 ($M)2.Canada Plastisols Market Revenue, 2019-2024 ($M)
3.Mexico Plastisols Market Revenue, 2019-2024 ($M)
4.Brazil Plastisols Market Revenue, 2019-2024 ($M)
5.Argentina Plastisols Market Revenue, 2019-2024 ($M)
6.Peru Plastisols Market Revenue, 2019-2024 ($M)
7.Colombia Plastisols Market Revenue, 2019-2024 ($M)
8.Chile Plastisols Market Revenue, 2019-2024 ($M)
9.Rest of South America Plastisols Market Revenue, 2019-2024 ($M)
10.UK Plastisols Market Revenue, 2019-2024 ($M)
11.Germany Plastisols Market Revenue, 2019-2024 ($M)
12.France Plastisols Market Revenue, 2019-2024 ($M)
13.Italy Plastisols Market Revenue, 2019-2024 ($M)
14.Spain Plastisols Market Revenue, 2019-2024 ($M)
15.Rest of Europe Plastisols Market Revenue, 2019-2024 ($M)
16.China Plastisols Market Revenue, 2019-2024 ($M)
17.India Plastisols Market Revenue, 2019-2024 ($M)
18.Japan Plastisols Market Revenue, 2019-2024 ($M)
19.South Korea Plastisols Market Revenue, 2019-2024 ($M)
20.South Africa Plastisols Market Revenue, 2019-2024 ($M)
21.North America Plastisols By Application
22.South America Plastisols By Application
23.Europe Plastisols By Application
24.APAC Plastisols By Application
25.MENA Plastisols By Application
26.Polyone Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Fujifilm Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.International Coatings Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Huber Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)